Recent News

Tax laws and legal requirements change often, and staying informed is important for individuals and businesses in Clinton and the greater Anderson County area. Below you’ll find recent news and updates from trusted national sources, along with information that may affect local taxpayers, small businesses, and families. These resources are updated periodically to help you stay ahead of upcoming changes.

January 2025

"IRS Releases New Tax Brackets and Higher Standard Deductions for 2026 Filings"

The IRS has officially published updated tax brackets, higher standard deductions, and inflation-adjusted credits that will affect 2025 income and 2026 tax returns. These changes impact nearly every taxpayer and may affect withholding, planning, and annual budgeting.

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February 2025

"Major Tax Reform Bill (“One Big Beautiful Bill”) Brings Permanent Changes for Individuals & Small Businesses"

New federal tax legislation has extended several expiring provisions, updated deductions, and made permanent adjustments originally scheduled to sunset. This bill affects personal income taxes, business deductions, child tax credits, and estate planning considerations.

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March 2025

"No Tax on Tips Act” Approved. Important Update for Service Industry Workers"

A newly approved bill proposes removing federal income tax from employee tips. This would significantly affect restaurant workers, service professionals, and employers who handle payroll reporting. Final implementation details are being reviewed by lawmakers.

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April 2025

“IRS Expands Free File Program and Digital Tools for the 2025 Filing Season”

The IRS has expanded access to new online filing tools, taxpayer accounts, and updated digital features to help individuals and businesses manage their taxes more easily. This includes improved document uploads and expanded eligibility for Free File.

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